Cyprus GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Cyprus expanded 2.70 percent in the first quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Cyprus averaged 1.34 percent from 2001 until 2016, reaching an all time high of 5.50 percent in the fourth quarter of 2007 and a record low of -6.50 percent in the second quarter of 2013. GDP Annual Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.

Cyprus GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.80 5.50 -6.50 2001 - 2016 percent Quarterly
SA, WDA
The tertiary sector of services is considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Tourism, financial services, and real estate have traditionally been the most important sectors, while industrial activity accounts for only 10 percent and agriculture for 2 percent. However, due to a sharp recession between 2012-14, Cyprus had to downsize and restructure its banking sector significantly. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 10:00 AM Q4 2.7% 2.3% 2.48%
2016-03-10 10:00 AM Q4 2.7% 2.3% 2.7% 2.7%
2016-05-13 09:00 AM Q1 2.7% 2.8% 2.8%
2016-06-09 09:00 AM Q1 2.7%
2016-08-12 09:00 AM Q2 2.54%
2016-09-08 09:00 AM Q2

Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.40 2.00 -2.10 percent [+]
GDP Annual Growth Rate 2.70 2.80 5.50 -6.50 percent [+]
GDP 23.23 24.06 27.49 0.49 USD Billion [+]
GDP Constant Prices 3819.00 3805.30 4205.80 2522.30 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 497.40 540.20 1407.00 -6064.00 EUR Million [+]
GDP per capita 21852.09 22152.41 26384.42 6311.68 USD [+]
GDP per capita PPP 29673.18 30080.99 35827.68 23365.72 USD [+]
GDP From Agriculture 76.50 75.30 101.80 48.20 EUR Million [+]
GDP From Construction 110.90 108.00 408.60 102.30 EUR Million [+]
GDP From Manufacturing 186.46 186.00 262.85 179.38 EUR Million [+]
GDP From Mining 276.80 276.40 350.30 267.50 EUR Million [+]
GDP From Public Administration 309.87 307.60 309.87 135.41 EUR Million [+]
GDP From Services 1011.30 1005.40 1107.40 602.37 EUR Million [+]




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South Sudan 15.90 Dec/14
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Congo 9.50 Dec/14
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
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Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
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Republic of the Congo 6.00 Dec/14
Togo 6.00 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Bhutan 5.50 Dec/14
Djibouti 5.50 Dec/14
Vietnam 5.46 Mar/16
Mozambique 5.30 Mar/16
Panama 5.30 Dec/15
Gabon 5.10 Dec/14
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Peru 4.40 Mar/16
Romania 4.30 Mar/16
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Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Guinea 4.20 Dec/14
Malaysia 4.20 Mar/16
Cuba 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
United Kingdom 2.10 Mar/16
Chile 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Japan 0.70 Dec/15
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Ukraine 0.10 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15